IS&S: what changed
IS&S
Largest movements
- Cash +€21,504
up €21,504 (+97.4%), from €22,068 to €43,572
mainly Net result for the year (+€15,094) and Receivables within one year (+€8,664)
- Receivables within one year -€8,664
down €8,664 (-40.6%), from €21,333 to €12,669
of which Other amounts receivable: -€6,672
- Tangible fixed assets +€1,502
up €1,502 (+79.1%), from €1,900 to €3,402
of which Plant, machinery and equipment: +€2,262
- Tax, wage and social debts +€5,796
up €5,796 (+257%), from €2,255 to €8,051
- Other debts +€4,054
new in 2025: €4,054
- Trade debts +€3,930
up €3,930 (+280%), from €1,404 to €5,334
- Gross operating margin +€4,507
up €4,507 (+22.1%), from €20,359 to €24,866
- Taxes +€3,026
up €3,026 (+63.6%), from €4,755 to €7,781
- Other operating charges -€448
down €448 (-43.4%), from €1,034 to €585
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,769 | €59,643 | +€13,874 | +30.3% |
| Fixed assets | 21/28 | €1,900 | €3,402 | +€1,502 | +79.1% |
| Tangible fixed assets | 22/27 | €1,900 | €3,402 | +€1,502 | +79.1% |
| Plant, machinery and equipment | 23 | - | €2,262 | +€2,262 | |
| Other tangible fixed assets | 26 | €1,900 | €1,140 | -€760 | -40.0% |
| Current assets | 29/58 | €43,869 | €56,241 | +€12,372 | +28.2% |
| Amounts receivable within one year | 40/41 | €21,333 | €12,669 | -€8,664 | -40.6% |
| Trade receivables | 40 | €14,661 | €12,669 | -€1,992 | -13.6% |
| Other amounts receivable | 41 | €6,672 | €0 | -€6,672 | -100% |
| Cash at bank and in hand | 54/58 | €22,068 | €43,572 | +€21,504 | +97.4% |
| Deferred charges and accrued income | 490/1 | €468 | €0 | -€468 | -100% |
| Total equity and liabilities | 10/49 | €45,769 | €59,643 | +€13,874 | +30.3% |
| Equity | 10/15 | €42,110 | €42,204 | +€94 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,910 | €36,004 | +€94 | +0.3% |
| Distributable reserves | 133 | €35,910 | €36,004 | +€94 | +0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,659 | €17,439 | +€13,780 | +377% |
| Amounts payable within one year | 42/48 | €3,659 | €17,439 | +€13,780 | +377% |
| Trade debts | 44 | €1,404 | €5,334 | +€3,930 | +280% |
| Suppliers | 440/4 | €1,404 | €5,334 | +€3,930 | +280% |
| Taxes, remuneration and social security | 45 | €2,255 | €8,051 | +€5,796 | +257% |
| Taxes | 450/3 | €2,255 | €8,051 | +€5,796 | +257% |
| Other amounts payable | 47/48 | - | €4,054 | +€4,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €1,287 | -€147 | -10.3% |
| Other operating charges | 640/8 | €1,034 | €585 | -€448 | -43.4% |
| Gross operating margin | 9900 | €20,359 | €24,866 | +€4,507 | +22.1% |
| Operating profit (loss) | 9901 | €17,891 | €22,994 | +€5,103 | +28.5% |
| Financial charges | 65/66B | €102 | €119 | +€17 | +16.3% |
| Recurring financial charges | 65 | €102 | €119 | +€17 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €17,789 | €22,875 | +€5,087 | +28.6% |
| Income taxes | 67/77 | €4,755 | €7,781 | +€3,026 | +63.6% |
| Profit (loss) for the period | 9904 | €13,034 | €15,094 | +€2,061 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,034 | €15,094 | +€2,061 | +15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.